Amway (Malaysia) Holdings Bhd (6351) - Net Assets

Latest as of September 2025: RM248.67 Million MYR ≈ $62.43 Million USD

Based on the latest financial reports, Amway (Malaysia) Holdings Bhd (6351) has net assets worth RM248.67 Million MYR (≈ $62.43 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM540.28 Million ≈ $135.65 Million USD) and total liabilities (RM291.61 Million ≈ $73.21 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 6351 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM248.67 Million
% of Total Assets	46.03%
Annual Growth Rate	2.45%
5-Year Change	35.93%
10-Year Change	47.98%
Growth Volatility	8.33

Amway (Malaysia) Holdings Bhd - Net Assets Trend (2012–2024)

This chart illustrates how Amway (Malaysia) Holdings Bhd's net assets have evolved over time, based on quarterly financial data. Also explore Amway (Malaysia) Holdings Bhd (6351) total assets for the complete picture of this company's asset base.

Annual Net Assets for Amway (Malaysia) Holdings Bhd (2012–2024)

The table below shows the annual net assets of Amway (Malaysia) Holdings Bhd from 2012 to 2024. For live valuation and market cap data, see 6351 market cap overview.

Year	Net Assets	Change
2024-12-31	RM304.83 Million ≈ $76.53 Million	-0.93%
2023-12-31	RM307.68 Million ≈ $77.25 Million	+21.29%
2022-12-31	RM253.68 Million ≈ $63.69 Million	+17.48%
2021-12-31	RM215.93 Million ≈ $54.21 Million	-3.71%
2020-12-31	RM224.26 Million ≈ $56.30 Million	+0.75%
2019-12-31	RM222.58 Million ≈ $55.88 Million	+2.76%
2018-12-31	RM216.60 Million ≈ $54.38 Million	+1.18%
2017-12-31	RM214.07 Million ≈ $53.75 Million	+1.57%
2016-12-31	RM210.76 Million ≈ $52.92 Million	+2.31%
2015-12-31	RM206.00 Million ≈ $51.72 Million	-11.21%
2014-12-31	RM232.00 Million ≈ $58.25 Million	-0.85%
2013-12-31	RM234.00 Million ≈ $58.75 Million	+2.63%
2012-12-31	RM228.00 Million ≈ $57.24 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Amway (Malaysia) Holdings Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 261.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	RM137.32 Million	45.05%
Common Stock	RM166.44 Million	54.60%
Other Components	RM1.07 Million	0.35%
Total Equity	RM304.83 Million	100.00%

Amway (Malaysia) Holdings Bhd Competitors by Market Cap

The table below lists competitors of Amway (Malaysia) Holdings Bhd ranked by their market capitalization.

Company	Market Cap
A Paradise Acquisition Corp. NASDAQ:APAD	$199.82 Million
Daesung Ind KO:128820	$199.82 Million
Taiwan Fu Hsing Industrial Co Ltd TW:9924	$199.97 Million
Citizens Community Bancorp Inc NASDAQ:CZWI	$199.99 Million
Camuzzi Gas Pampeana SA BA:CGPA2	$199.48 Million
Hathway Cable & Datacom Limited NSE:HATHWAY	$199.47 Million
Korea Asset In Trust Co Ltd KO:123890	$199.44 Million
EKOS IS:EKOS	$199.43 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Amway (Malaysia) Holdings Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 307,683,000 to 304,830,000, a change of -2,853,000 (-0.9%).
Net income of 100,319,000 contributed positively to equity growth.
Dividend payments of 98,630,000 reduced retained earnings.
Other factors decreased equity by 4,542,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	RM100.32 Million	+32.91%
Dividends Paid	RM98.63 Million	-32.36%
Other Changes	RM-4.54 Million	-1.49%
Total Change	RM-	-0.93%

Book Value vs Market Value Analysis

This analysis compares Amway (Malaysia) Holdings Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.61x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.77x to 2.61x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	RM1.28	RM4.84	x
2017-12-31	RM1.30	RM4.84	x
2018-12-31	RM1.32	RM4.84	x
2019-12-31	RM1.35	RM4.84	x
2020-12-31	RM1.36	RM4.84	x
2021-12-31	RM1.31	RM4.84	x
2022-12-31	RM1.54	RM4.84	x
2023-12-31	RM1.87	RM4.84	x
2024-12-31	RM1.85	RM4.84	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Amway (Malaysia) Holdings Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 32.91%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.24%
• Asset Turnover: 2.29x
• Equity Multiplier: 1.74x
Recent ROE (32.91%) is above the historical average (26.87%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	31.16%	6.27%	2.58x	1.92x	RM43.46 Million
2016	25.93%	5.03%	2.57x	2.01x	RM33.57 Million
2017	24.59%	5.35%	2.37x	1.94x	RM31.24 Million
2018	25.17%	5.61%	2.41x	1.86x	RM32.85 Million
2019	22.98%	5.29%	2.18x	1.99x	RM28.90 Million
2020	20.91%	4.07%	2.38x	2.16x	RM24.47 Million
2021	17.03%	2.48%	2.77x	2.48x	RM15.19 Million
2022	30.31%	5.08%	2.73x	2.19x	RM51.51 Million
2023	37.68%	8.23%	2.30x	1.99x	RM85.16 Million
2024	32.91%	8.24%	2.29x	1.74x	RM69.84 Million

Industry Comparison

This section compares Amway (Malaysia) Holdings Bhd's net assets metrics with peer companies in the Specialty Retail industry.

Industry Context

Industry: Specialty Retail
Average net assets among peers: $208,275,916
Average return on equity (ROE) among peers: 12.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Amway (Malaysia) Holdings Bhd (6351)	RM248.67 Million	31.16%	1.17x	$199.76 Million
Kim Hin Joo (0210)	$62.12 Million	18.61%	0.24x	$9.54 Million
SSF Home Group Berhad (0287)	$164.19 Million	4.38%	0.17x	$76.32 Million
myNEWS Holdings Bhd (5275)	$286.12 Million	-3.44%	0.85x	$88.54 Million
Innature Bhd (5295)	$144.14 Million	10.44%	0.28x	$32.79 Million
Senheng New Retail Bhd (5305)	$548.02 Million	2.18%	0.54x	$67.79 Million
MST GOLF GROUP BERHAD (5316)	$45.08 Million	39.96%	2.94x	$34.01 Million

About Amway (Malaysia) Holdings Bhd

KLSE:6351 Malaysia Specialty Retail

Market Cap

$199.76 Million

RM795.63 Million MYR

Market Cap Rank

#16530 Global

#218 in Malaysia

Share Price

RM4.84

Change (1 day)

-0.82%

52-Week Range

RM4.60 - RM5.60

All Time High

RM8.01